Pampa Energía (NYSE:PAM) Hits New 1-Year High – Still a Buy?

Pampa Energía S.A. (NYSE:PAM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.55 and last traded at $94.62, with a volume of 297193 shares trading hands. The stock had previously closed at $94.14.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Finally, StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Stock Down 2.3 %

The company’s 50-day moving average is $83.24 and its 200 day moving average is $64.26. The stock has a market capitalization of $5.05 billion, a PE ratio of 14.25 and a beta of 0.94. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.95. The firm had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period in the prior year, the firm earned $2.80 EPS. As a group, analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Pampa Energía in the second quarter valued at about $37,000. GAMMA Investing LLC increased its stake in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Pampa Energía by 89.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.